Hong Kong

Hong Kong News

New location and technology help extend Euro Auctions’ reach and appeal

Euro Auctions, Worldwide auctioneers of industrial plant, construction equipment and agricultural machinery, is holding its first ever sale in Hong Kong on Thursday 14th September to dispose of surplus equipment from leading construction, rental and financial institutions in the region. Euro Auctions are proud to report that this sale is supported by Mitsubishi Bank as well as many other leading banks and financial institutions in Hong Kong.

With a large number of construction projects taking place in Hong Kong, a steady supply of used construction equipment and machinery has been coming onto the market. The Hong Kong sale is expected to contain 400+ lots ranging from 45 tonne excavators down to mini variants. Already there are over 20 articulated dump trucks, 10 mobile cranes ranging from 25-75 tonnes plus other associated equipment including a good selection of access equipment and smaller items such as generators and compressors with additional lots still expected to be consigned to the sale. All the major brands will feature including Komatsu, CAT, Doosan, Hitachi and Kobelco.

Euro Auctions will be providing full logistical support for this sale by supplying detailed machine specifications to aid transportation and supplying shipping costs for each piece of equipment to all the major shipping destinations around the World.

In order to accommodate this auction, Euro Auctions has acquired a facility at DD78 Lot 1479, Kaw Liu village, Ta Kwu Ling, Shungshui, New Territories; Hong Kong which consists of a secure asphalt base compound. All equipment can be viewed during the two weeks prior to the auction date and will be arranged for easy viewing and assessment with a member of the Euro Auctions team in attendance to provide help and assistance as required.

Registration and bidding for this sale will take place at the Panda Hotel, Tsuen Wan Hong Kong, with the auction being broadcast in real time with online bidding also available through the Euro Auctions online bidding platform which will open the auction to a global audience.

“We’re delighted to be able to work with Wealth Mind Equipment Limited and some of the leading rental and construction companies in Hong Kong to be able to provide them with a means to dispose of their equipment into the world market. Construction equipment demand around the world has continued to grow with strong demand in the USA and Europe, together with recovery in key markets such as Australia and Russia making equipment prices strong around the world” explains Jonnie Keys, Euro Auctions’ Commercial Manager.

What also makes this event unique is that the sale will also be simultaneously transmitted and shown at Euro Auctions’ recently acquired, 22 acre purpose built auction complex in the Jebel Ali Free Zone area of Dubai, UAE. This includes a 360 seat fully air conditioned and enclosed auction arena and it hosts its own inaugural sale the day before on 13th September. Bidders from around the globe will also be able to access both the Dubai and Hong Kong sales via Euro Auctions’ Free Internet Bidding Service and place bids.

“We’re excited at the prospects this auction presents us. It enhances our service to our existing customers in this region and also gives us access to new buyers and sellers in the Asian marketplace. Over the coming months we expect to see more equipment leaving Hong Kong and ultimately continue to meet the needs of customers elsewhere and in particular this sale will present the excellent equipment now available in Hong Kong to buyers from Thailand, Malaysia, Viet Nam and Myanmar” continues Jonnie Keys, Euro Auctions’ Commercial Manager.

For more details on buying or selling at the Hong Kong auction contact Craig Hart on +61 417927337 or +61 73607 4800.

Other upcoming Auctions

Euro Auctions has a number of additional auctions scheduled over coming months including the next big three day Leeds auction starting on 23rd August. There are one day sales in Brisbane, Australia on 31st August; in Zaragoza in Spain on 12th September; with the inaugural sale at the newly acquired site in Dubai on 13th September; and a two day sale in Dromore in Northern Ireland starting 15th September. Yoder & Frey, Euro Auctions’ US operation is also scheduling two auctions: Ashland, Ohio on 20th September and in Florida on 25th October.

Full details and catalogues for all forthcoming Euro Auctions events are available on its website at www.euroauctions.com and separate Bidder Numbers are required to bid on any Lot at each event which can be done either in person at the sale or via Euro Auctions’ Free Internet Bidding Service. For other enquiries contact Euro Auctions on 0044 (0) 2882 898262.